SWIFT Code MEDBITMM — BANCA MEDIOLANUM, BASIGLIO

About SWIFT Code MEDBITMM — BANCA MEDIOLANUM, BASIGLIO

SWIFT code MEDBITMM is the official 8-character head-office BIC (Bank Identifier Code) for BANCA MEDIOLANUM in BASIGLIO, Italy. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by BANCA MEDIOLANUM for all outward international remittances from BASIGLIO. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code MEDBITMM

The code MEDBITMM follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code MEDBITMM

Receiving International Wire Transfers

To receive money from abroad at your BANCA MEDIOLANUM account in BASIGLIO, share SWIFT code MEDBITMM with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at BANCA MEDIOLANUM, BASIGLIO must provide SWIFT code MEDBITMM. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using BANCA MEDIOLANUM in BASIGLIO rely on SWIFT code MEDBITMM for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for BANCA MEDIOLANUM →

For cheque clearing or NACH mandates, use the MICR code for BANCA MEDIOLANUM →

For TDS challan deposits, find the BSR code for BANCA MEDIOLANUM →

How SWIFT Code MEDBITMM Routes an International Transfer

1. Initiation: The sender provides SWIFT code MEDBITMM and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to BANCA MEDIOLANUM.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: BANCA MEDIOLANUM receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code MEDBITMM

• Spaces or lowercase letters — Always enter MEDBITMM uppercase with no spaces.
• Using the wrong city — This code is for BASIGLIO only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within Italy.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm MEDBITMM directly with BANCA MEDIOLANUM's BASIGLIO branch or via the SWIFT BIC Directory.